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Friday, April 26, 2024

Mount Prospect home prices rise in May 2019

Re 1

The median sale price of a home sold in May 2019 in Mount Prospect rose by $21,500 while total sales increased by 17.5%, according to BlockShopper.com.

In May 2019, there were 94 homes sold, with a median sale price of $313,500 - a 7.4% increase over the $292,000 median sale price for the same period of the previous year. There were 80 homes sold in Mount Prospect in May 2018.

The median sales tax in Mount Prospect for the most recent year with available data, 2018, was $6,765, approximately 2.2% of the median home sale price for May 2019.

The following table compares Mount Prospect to other Cook County cities with similar median sales prices in May 2019:

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Palos Park18175.9%$350,000$355,000-1.4%
La Grange Highlands52150%$340,000$491,000-30.8%
Deercrest Estates6520%$339,250$250,50035.4%
Evanston1028421.4%$326,500$347,000-5.9%
Lemont2627-3.7%$317,000$268,00018.3%
Mount Prospect948017.5%$313,500$292,0007.4%
Northfield151136.4%$312,500$795,000-60.7%
Niles554717%$310,000$285,0008.8%
Skokie8793-6.5%$310,000$314,000-1.3%
Arlington Heights1421373.6%$290,000$330,000-12.1%
Prospect Heights272128.6%$285,000$222,00028.4%

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